re: Ann: Shareholders Overwhelmingly Approve ... The dilution is...

re: Ann: Shareholders Overwhelmingly Approve ... The dilution is a problem BUT as a holder of PEN my view of Uranium may be a little deeper than a GDO purist. I see a real upside in U308 over the next year or so PLUS Gold still remains a hedge. I suspect the serious producers will catch up to the metal price as the latter stabilizes ...a small retrace but theres enough concern that the EU will continue to have difficulties with the US to make Gold good.
The recent retrace was due to the devaluing of Swiss Franc that was used as a carry trade with gold. Buy gold with strengthening currency and sell to a weaker currency USD.
The Swiss have gone bunta and will DO ANYTHING to devalue Swiss Franc.Hence the carry trade dried up burning a few as it did..
As soon as the market figures where the safe havens are gold will go up.
Safe havens ..not many left JPY,USD?,GOLD. Julia Gillards future(lol)
Hence GDO as a producer remains better than most.
The U308 story remains sound.Cameco with its TO & A is showing the world that the market is flat.
The Chinese have done a great job for themselves. I'd bet their instincts and greed before any independent advice from the company to sell...which I am not doing...Follow the smart money.